FMI Steps Up Fight on Interchange Fees

Credit card interchange fees cost consumers money in the form of higher prices and are the product of secret, collusive meetings among the companies that issue the cards. That's the message the industry should be sending out to consumers and legislators, according to presenters at the Food Marketing Institute Show here last week. The most important thing is for us not to be on the defensive

CHICAGO — Credit card interchange fees cost consumers money in the form of higher prices and are the product of secret, collusive meetings among the companies that issue the cards.

That's the message the industry should be sending out to consumers and legislators, according to presenters at the Food Marketing Institute Show here last week.

“The most important thing is for us not to be on the defensive on this issue,” said John Motley, senior vice president, government a

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